NKO Partners has advised the Dr. Max Group on its acquisition of the Cvejic pharmacy chain in Serbia. Bajic & Popovic reportedly advised the seller.
The Cvejic pharmacy chain comprises 66 pharmacies in Serbia, including Vojvodina, Belgrade, and Nis. According to NKO Partners, after this acquisition, Dr. Max now owns close to 300 pharmacies in Serbia.
The Dr. Max Group is a Prague-headquartered pharmacy chain operating in Central and Eastern Europe. The company has over 2,200 pharmacies in six countries, including the Czech Republic, Slovakia, Poland, Romania, Serbia, and Italy.
Earlier this year, NKO Partners also advised the Dr. Max Group on its acquisition of AU Medis Lek (as reported by CEE Legal Matters on January 6, 2023).
The NKO Partners team was led by Partner Djordje Nikolic and Senior Associate Branko Jankovic.